Are Bitcoin private property

[Proton2233]

I'm not considering bitcoin is a private property. Bitcoin is only a property that cannot taken away. As long as you have your bitcoin and the private key you can use it to transact or safely  to pass person to person.

Bitcoin is not property. Many countries recognize it tender but this is not quite true because the coin holders is not possible to spend bitcoin directly. It seems to me that bitcoin is more similar to traveler's checks which are to serve needs to be changed in the Bank for Fiat.

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[orions.belt19]

Well, in my country bitcoin is not yet recognized as money or a currency. Bitcoin does not have legal tender. It is actually considered as property - just like labor. I guess it would depend on the jurisdiction or law of your country. It may be possible for other countries to have different recognitions on bitcoin or crypto. If this were the case, then theft or robbery may apply differently as well. The current recognition of bitcoin in my country may not constitute to theft or robbery as well.

[alexcopper]

I feel like if you own it and you're recorded in the ledger, shouldn't a mediator be able to look at the ledger and return it to you?

This is wishful thinking of course lol. always wondered where bitcoin goes if you send it tot he wrong address

[playking]

no bitcoin is not a private property by the its not owned by anyone its cryptocurrency network

[Emmami@758]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

actually i'm new to this forum and i have no bit coins. but i'm trying to earn bit coins. my friends they all properties sell and buy a more bit coins. they are won of bit coins. so then i get inspired about this i want to won some more bit coins in my life and get rich. really bit coin has great demand present its price going to up.i wish to every one buy at least one it coin in their life.

[Palmerson]

Well, in my country bitcoin is not yet recognized as money or a currency. Bitcoin does not have legal tender. It is actually considered as property - just like labor. I guess it would depend on the jurisdiction or law of your country. It may be possible for other countries to have different recognitions on bitcoin or crypto. If this were the case, then theft or robbery may apply differently as well. The current recognition of bitcoin in my country may not constitute to theft or robbery as well.

Any private property shall have the assessed value in Fiat. If the state does not recognize the cryptocurrency market then they can not accept the price. Therefore, they cannot perform fully their duties to protect private property rights. The state does not recognize bitcoin because they are afraid that it can undermine the foundations of the state. I think that we will long to live in uncertainty.

[EugeneAS]

While bitcoin is off the legal field in your country and you don't have any documents that could prove your property rights it hardly can be called private property

[Twentyonepaylots]

i think yes bitcoin is a personal property, because that is your money only digitalized, so no one can get them from you without your consent.

[sindikat]

While bitcoin is off the legal field in your country and you don't have any documents that could prove your property rights it hardly can be called private property

If you have a certain amount of Fiat. How can you prove that is your money? You don't have the invoice that you received as payment of their labor banknotes with defined rooms. So Fiat and bitcoin are in the same conditions. It seems to me that bitcoin will be very difficult in court to recognize the property because no documents support it is not. Moreover volatility of bitcoin it is impossible to establish the cost of damage.

[RahulRana]

Yes , Bitcoins are a private property. Because when in my wallet account 1 Bitcoin . so I think , l am the owner of the 1 Bitcoins.

[Jating]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

When you own bitcoin, its your own private property. And we all know that having bitcoin is like having our own bank. How can someone knows who own Bitcoin A when there's no name associated with it?

And the situation you have put is flawed because as I have said, there is no name association so if hard to know who is the owner of A or B. And even those nodes are not private property of anyone.

They can decide to just drop out of the nodes without notifying others. And bitcoin is decentralize correct? So that alone shows the bitcoin is not a private property of anyone except you.

[bitcoinisbest]

no bitcoin is not a private property by the its not owned by anyone its cryptocurrency network

If btc as a whole is to be considered than it is not a private property. But if you do own some units of it then it becomes your own property, as you are the owner of that much units. Well also the country you stay in needs to consider it as a legal tender first so that you can make use of the cypto currency and pass it or exchange against the various services provided for btc.

[MoonJeina]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

 I think it is your private property until and unless you own it .
The private keys are suggested to keep very protected and doesn't have to be shared to anyone because of the same reason because if you have it its completely yours and the funds are also completely yours implying that it is your " private property".  But once you loose it to someone you are most likely to loose everything you have in your wallet and that is no longer your private property and you have no right to claim that afterwards for any reason.

[bitcoinvamp]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

Bitcoin is a private property until it is in your wallet , doesn't matter whether u spent it or just let it stay in the wallet. Once your money is not in your wallet its not your property anymore. It will belong to the person who receives it and you cannot do anything about it.

[adamcro]

Well if you hold it I guess it's yours, like with the real money. Once you spend it or give it away it's not yours

[carlfebz2]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

Bitcoin is a private property until it is in your wallet , doesn't matter whether u spent it or just let it stay in the wallet. Once your money is not in your wallet its not your property anymore. It will belong to the person who receives it and you cannot do anything about it.

This is the beauty of having a bitcoin in your own wallet which if its stored in your wallet then no one could ever get it from you as long they don't know the keys which would access the wallet then it is still safe. It is considered as private property and cant be bruteforce a wallet since they would really need quantum computers to break hashes that's why theres no need to worry.

[lepricoin]

Probably if your bitcoins are stolen (because of your fault or negligence), it seems to me that this can not be classified as robbery, because there is no legal basis for this, and responsibility for this will be borne only by you

[jaocoincrypto18]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

I think what you have shared is not about private ownership but more on securities and safety of private keys on our accounts with stealing issues. For me if you say private property is something that you own like house and cars in which in bitcoin ownership if the coins are in your wallet then you own it privately but same with other things it can be stolen.

[yojodojo21]

It doesn't matter how long the private key is, what matters is how much crypto currency in it that could send to "B". But as long as there is a transaction between " A" and "B" it can be traced by transaction History, but, once it is done the owner of the currency is recently the Holder or the Receiver. If is stolen he can pass it again to another not just one time but many times as long as the transaction would be more complicated and untraceable.

[Qartersa]

I'm talking about the money kind of bitcoin.

Some situations where the bitcoin status of being a private property or not could arise:

> A mistakenly sends bitcoins to B, and A finds out who B is.
> A mistakenly shows his private keys to B (by just saying it), and A finds out who B is.
> B executes a replay attack on A.
> B, by an practical impossible luck, creates a private key that had founds that belonged to A already.
> B sends money to A (and A sends "something" or some information to B). Then, we don't know why, everyone decides to change their Bitcoin rules and the result is that A can't get to spend his money in the new version.

I started an article (here) trying to defend the idea that bitcoin is not private property, therefore all of the examples above couldn't be classified as theft or robbery (of private property).

What do you think?

I think your question wholly depends on how our respective laws define theft and robbery. Nonetheless, as per our State law, I think Bitcoin is a private property because private property, as defined under our code is "all things which are or may be the object of appropriation". As you may have noticed, our law did not distinguish as to what property shall fall as a private property. Thus, Bitcoin is a private property for all intents and purposes. This being the case, if someone steals Bitcoin from you, the former may be held criminally liable either for theft or robbery.